VNPT makes 20 percent profit growth hat trick

Hanoi (VNA) - The Vietnam Post and Telecommunications
Group (VNPT) earned over 133.23 trillion VND (5.86 billion USD) in revenue and 4.38
trillion VND (192.72 million USD) in profit in 2016, up 7 percent and 20.3
percent year on year respectively.

This is the third consecutive year the group has enjoyed a profit growth of
over 20 percent.

The figures were released at a conference to launch the
group’s 2017 plan on December 27.

Addressing the event, Minister of Information and
Communications Truong Minh Tuan said the year 2016 marked the significant
improvements of VNPT after one year of reshuffle.

VNPT has reinforced and secured its role as one of the
pillars in Vietnam’s telecommunication and information and communication
technology (ICT) market, Tuan said.

In 2016, the group contributed 3.6 trillion VND (158.4
million USD) to the State budget, up 1.4 percent from 2015.

It now has 38.6 million mobile subscribers and 3.8 million
broad-band internet subscribers.

In 2017, VNPT aims to
become the best provider of telecom services by applying new advanced
technology to improve products and bettering services.-VNA